Central Negros Electric Cooperative, Inc. informs its electricity consumers that the average residential rate for the billing month of February 2023 is 𝗣𝗵𝗽𝟭𝟰.𝟴𝟳𝟱𝟲/𝗸𝘄𝗵, a decrease of P0.2301/kWh, from last month’s rate of P15.1057/kWh.

The P0.2301/kWh rate decrease is attributed to the following:

• Total net reduction in Generation Charges by 1.25% due to downward adjustment of around P2.3385/kWh in average Wholesale Electricity Spot Market (WESM) price from P9.3732/kWh to P7.0347/kWh.
• Decrease in Palm Concepcion Power Corporation (PCPC) fuel cost from P9.03/kWh to P7.87/kWh.
• PCPC extends fuel discount of P0.30/kWh for the month of January 2023 billing for 35MW PSA.

 
The pass-through charges equivalent to P13.6890/kWh of the total power rate include the Generation and Transmission charges, ERC-approved adjustments, government subsidies and taxes. Only P1.1866/kWh of the power rate goes to CENECO through Distribution, Supply, Metering (DSM) Charges and Reinvestment Fund for Sustainable CAPEX (RFSC) for its administrative and operational services.

 
Since 2010, CENECO’s DSM and RFSC rate has not increased.

 
In monitoring the monthly electricity usage, consumers are advised to look at their kilowatt-hour consumption and not on the bill amount only since it varies depending on the pass-through charges as shown above.

While the world market fuel prices remain volatile, hence adversely affecting electricity rates, CENECO Board and Management continue to remind its electricity consumers to conserve energy to avoid paying high electricity bills.

(Sg.d) ATTY. ARNEL L. LAPORE
Acting General Manager